Outlook 06/25: Markets are starting the week on the back foot as the Trump administration was crafting twin initiatives against China that will be unveiled later this week. The first would block companies with at least 25% Chinese ownership from buying companies involved in "industrially significant technology." "Enhanced" export controls are also in the works to counter Beijing's drive to become a world leader in technology under policy "Made in China 2025."
/ESU8 Value: YVAH 2766 YPOC 2765 YVAL 2760
/ES Plan: Last Friday market closed bullish but overnight profile is bearish (GBT 2734), moving below Friday's range, so we've these options:
A) If market remains below YLOD 2749 with bearish internals, become a seller leaning on 2749-2748 towards HVE 2742 and ONL 2739.25 and GAP-GBT 2734. 'Look above and fail' is a bearish signal.
B) If market starts to move above YLOD 2749 with bullish internals, become a buyer above 2749-50 towards ONH 2758 YVAL 2760 and YVAH-HVE 2766-2768. 'Look below and fail' is a bullish signal.
Today's Economic Calendar
10:00 New Home Sales
10:30 Dallas Fed Manufacturing Survey
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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